Warren Buffett and Charlie Munger on Stage

"You win with one question. You don't get around two," he says of his experience at a Warren Buffett event. "I think what Warren Buffett said roughly is find very low cost index funds that mimic the market and invest in the market of the size you do not touch it, then just leave it" He adds: "There's definitely a logic to this approach but I think there's also an element of luck involved here as well"